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News Link • Federal Reserve

Sentiment Speaks: Clearly, The Fed Has Lost Control

• https://seekingalpha.com By Avi Gilburt

This idea was discussed in more depth with members of my private investing community, The Market Pinball Wizard. Start your free trial today »

There are certain perspectives that are so ubiquitous that it would be considered blasphemous to ever oppose them. Two of the most common are that fundamentals direct the stock market and that you cannot fight the Fed.

While I have provided much evidence and explanation as to why the former is a falsehood, allow me to provide you proof that central banks are not in control as much as many seem to believe.

In fact, we often hear discussions about the PPT - the Plunge Protection Team. So, what is this "Team?"

After the market crash of 1987, President Ronald Reagan created the President's Working Group on Financial Markets to recommend solutions for enhancing U.S. financial markets, preventing significant volatility, and maintaining investor confidence.

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